by a professional
from Northern Arizona University
in Tucson, AZ, USA
3yrs ago
Do M&A Advisors require a license to sell a business? Watch this video to find out.
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by an intermediary
3yrs ago
from The University of Chicago
in Chicago, IL, USA
I am at the forefront of this subject (from day one 15 years ago) with the SEC and the congress. Scott in the video is a good friend, In 1/2014 SEC issued a No Action letter (NAL) that says, in simple terms, that SEC will not take any action against a broker, regardless of the size of the transaction or the structure, if the buyer is "active" post-transaction and the broker is not involved in financing the transaction. In Congress, we (leading associations) have a bill on this subject. It has passed the House 3 times unanimously. The bill asks for codifying the SEC NAL but with caps. The caps are sales should be less than $250 million or reported EBITDA is less than $25 million. Some brokers in the industry do not want to rely on SEC NAL, others do.
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by an intermediary
2yrs ago
from University of Florida
in Tampa, FL, USA
Mike and others - is there any update on that reglation for < 25m in EBITDA? I heard it passed in the House but i was unsure where it stands today. Any thoughts welcomeed. Thanks